Investors' Soapbox PM

Hard Times for Hardware

Credit Suisse says company-specific issues may hurt sector earnings.

Updated July 30, 2009 12:01 a.m. ET

Credit Suisse

OVER THE NEXT SEVERAL WEEKS, the July-quarter hardware companies will begin to report earnings.

With the exception of NetApp (ticker: NTAP), we do not expect the results to be as encouraging as the June-quarter results earlier this month. This is largely due to company-specific margin pressures, not a change in demand...